The USDCHF price keeps its positive stability – Forecast today – 29-05-2024

chf_forexUSDCHF Price Analysis

Expected Scenario
The USDCHF price tested 0.9080 level and bounced bullishly from there, to head towards resuming the expected bullish trend on the intraday basis, which targets 0.9224 level as a next station.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 0.9080.

Expected Trading Range
Between 0.9060 support and 0.9200 resistance

Trend Forecast: Bullish

Origin: Economies

 

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